Colliers Sells Office Building In Tampa For $11.3M
SOLD
$11,300,000
Florida
See Similar DealsOffice121,918 SF
Sold 05/10/2021
SOLD
Colliers Sells Office Building In Tampa For $11.3M
4508 Oak Fair Boulevard, Tampa, FL 33610
See Similar DealsOffice121,918 SF
Sold 05/10/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$92
Total Square Footage:121,918 SF
Transaction Type:Sale
An office property located at 4508 Oak Fair Blvd in Tampa was recently sold for a price of $11,300,000. The property consists of 121,918 square feet and is situated on 12.5 acres of land. The sale price per square foot was $93, and the price per acre was $904,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,300,000
- Address: 4508 Oak Fair Blvd, Tampa
- Market: Tampa
- Size: 121,918 SF
- Price per SF: $93
- Acreage: 12.5 acres
- Price per Acre: $904,000
The property was sold by Cardinal Point Management. The brokers involved in the deal were Paul Carr and Todd Tolbert from Colliers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$602,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,146.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,567.76
Annual Debt Service$642,813.18
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